Saturday, February 8, 2014

3rd Stock Certificate Being Acquired - Dated May 12, 1914

Friends of the SALT TRAM

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**********Update: Tim donated the May 12, 1914 Stock Certificate to the Eastern California Museum on March 16, 2014. Also donated to the Museum was the 1912 Report to Salt Co. Shareholders that you can read about byclicking here. Thanks to Roberta, Jon, and Heather for all their guidance and general wonderfulness in dealing with "All Things Salt Tram". A photo from the donation:

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Update: In order to acquire this stock certificate, we set up the "Friends of the Salt Tram" through the "Friends of the Eastern California Museum". A hearty thanks to Rich White and Elaine Delaney from the FECM group for assisting with this.

We collected $800.00 even for acquiring Salt Tram items, and spent $250 to buy this stock certificate, leaving $550 in the account for future acquisitions. Thanks to all those who contributed. Below is the stock certificate after Tim spent a few hours of photoshop time cleaning it up a bit. This stock certificate can be purchased elsewhere on this website.

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Update March 29, 2014: While getting ready to do my taxes, I found an envelope that this May 1914 Stock Certificate came in, and was about to throw it away...when, it seemed a little bit...stiff. Fishing around, I found a letter written by Mrs. Dale Marshall (Wayne Marshall's mother, I presume). Way back in 1968, she was inquiring with the Phoenix Chamber of Commerce (and later, the Arizona Corporation Commission) regarding the status of "The Saline Valley Salt Company". Click to enlarge.

It appears that Mrs. Marshall may have believed that the stock certificate could have some value, and without the benefit of the internet, had no idea that it had ceased to exist as a corporate entity long ago. Thanks to Wayne Marshall for both keeping this letter all these years (about 47 years!), but also forwarding it along with the stock certificate.
I shall mail it to Roberta Harlan at the Eastern California Museum so that this letter can live in the same folder as the one where Mrs. Marshall's stock certificate of dubious value resides. They will be reunited for a bit more time.
Apparently, Mrs. Marshall mailed an inquiry to the Phoenix Chamber of Commerce:

And received the reply that she would have to send a buck (yep - un dollare) to the Arizona Corporation Commission who would follow up on her request. There is no sign that she ever mailed in that buck, or got a report back from the Arizona bureaucracy in question. A final image for the ages:

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Update March 10, 2014: While photoshopping the stock certificate to get it ready for printing, I discovered some "secret writing" buried in the document. Close examination under a magnifying glass indicated that it said "A. Carlisle & Co. S. F.". Look carefully at the image below - can you find it? Click to enlarge.

Enter Google. A google search revealed it to be the "A. Carlisle & Co." of San Francisco. You can read all about the companies history by clicking here. Here's a brief except from the above link to A. Carlisle & Co of San Francisco:

"A. Carlisle and Company of Nevada got a start in stationery in the Gold Rush Days. By the year 1852, it was already apparent to thousands of fortune-seekers that the treasure of California’s Mother Lode just wasn’t juicy enough to go ’round. Shrewd men and talented men from all parts of the world accepted this bitter fact and turned to other pursuits, finding fortune or fame in California without the help of gold. One so fated was a New York lithographer named Joseph Britton, who in 1852 traded his pick and pan for tools he was better acquainted with and teamed up with a French artist named Jacques Rey, to start a lithographic business in San Francisco.

Their business was purchased in 1916 by the San Francisco firm of A. Carlisle & Co., Printers & Stationers, and they are therefore regarded as the company’s earliest operating ancestors. A. Carlisle & Co. started in 1878 when a youngster from Maryland named Albert Carlisle went into business for himself at 212 Battery Street, San Francisco, selling stationery supplies."

The bottom line is that this stock certificate art was done by A. Carlisle & Co. before it merged with the lithographers Britton and Rey. It is clear from a close-up examination of the stock certificate that it was drawn by hand, as the art is not symmetric - not even close. I know this because it took me hours to clean this up to get ready for printing!

Update March 1, 2014: We are pleased to announce the acquisition of a Saline Valley Salt Co. stock certificate dated May 12, 1914. The purchase price was $250. Many "Friends of the Salt Tram" members have pledged a donation to purchase the stock certificate. Note that any funds in excess of the $250 purchase price will remain in the "Friends of the Salt Tram" account to fund further purchases.

Please send a check made out to "FECM" and mail it to:

Tim Waag

Post Office Box 5060

San Luis Obispo, CA 93403

Tim will collect all the donations, keep track of who donated what, and mail them all to the FECM. Tim will announce the total contributions and how much (if any) is left over for future Salt Tram acquisitions.

Thanks to everyone for helping with our Salt Tram research, and for helping to acquire the historically valuable document for the Eastern California Museum (ECM) . The stock certificate will be professionally scanned and printed, and for those who made a contribution, you will be mailed a copy of this stock certificate. Thanks to Scootertrash for this excellent idea. Expect it to be sent to you about a month after the donations have been mailed to the ECM.

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Friends of the Salt Tram - DonationsUpdate February 18, 2014: I received an email back from Rich White, President of the Friends of the Eastern California Museum (FECM). We received permission from his group to collect donations in their name to acquire the Saline Valley Salt Company Stock Certificate. This allows the donors to receipt a tax deductible donation. I will send out an email to all the donors listed below that pledged to make a donation to acquire the stock certificate.

Here's what Rich White emailed to me:

"The Friends of the ECM agreed to accept donations for purchase of items for the Museum collection if either Roberta or Jon at the museum has agreed in advance that the item is desirable for the museum collection. The Stock Certificate meets this requirement. Checks should be made payable to FECM. Checks should be mailed to you so you can account for them and then send them to FECM, PO Box 33, Independence, CA 93526. Thanks for your interest and support of the museum. --Rich White, President, The Friends of the ECM

Stock Certificate Donation Pledges (so far - how about a few more?): Note that the Stock Certificate Acquisition Cost is $250 plus $20 to ship it Fed Ex - total $270. There are now 17 pledges (see below). Thanks for contributing to saving Saline Valley History.

Above: The May 14, 1914 Saline Valley Stock Certificate arrived via Fed Ex on 2/12/2014. I'm always amazed to be touching a tiny piece of history. Thanks to WM of North Carolina for being so easy to deal with. Next, I will have it professionally scanned and correct the flaws (rips, ink, etc.) with photoshop, then have 100 copies printed in full color onto similar parchment style paper. Per Scoot's idea, I will mail out a color copy of the stock certificate to everyone who donated towards its purchase, and otherwise sell the rest for $8 each including shipping (same price as the 1st stock certificate). Finally, it will be donated to the Eastern California Museum in Independence, Calif.

Each Pledge below will be marked RECEIVED! when it comes in the mail to me. Brian and I pledge $100 EACH if and only if all the pledges below are received!

As of 3/25/2014, all 23 Pledges have been collected, totalling $845. This should leave the "Friends of the Salt Tram" with $595 in our "account" with FECM to use for additional Salt Tram-related acquisitions, should they become available.

(1) RECEIVED! Count me in for $25 Tim. Btw - had nice short chat with your wife last weekend when I called you back. Heading for Saline Tuesday / hoping to ride my mtb into the springs via. N pass. We 'll catch up soon. Tim, Heck – I wasn’t even sure I would make it to Saline this year – wife’s work schedule as a nurse. SO I figured I just ride in alone so I could play it out at the last minute. Regarding the stock cert, I’m now thinking I need to get you the $25 not the FECM. Or was I right in the first place and we get the dough to you via the FECM in order the take a tax deduction (which is not critical). Let me know how to pay. Thanks --AS

(2) RECEIVED! I'm in. Keep me posted. Put R2 in for $50. -R2

(3) RECEIVED! I'll be glad to donate a bit toward that certificate. Just let me know the details, and I'll send in a check. Hi, Tim — It (Bradley Gratis font) does look pretty close, doesn't it? By the way, I am happy to send $50 for the stock certificate, but I am still awaiting information from you about where to send the money. --LB

LB posted a follow-up note with the donation: Hi Tim, Congratulations on the great works you do to make history in our area richer! I'm much looking forward to learning more about A. A. Forbes. If it weren't for him, we'd have scant pictorial representation of what native cultures around here looked like. --LB

(4) RECEIVED! Hey Tim and Brian, Count me in for $25. I already have the T-shirt so helping to purchase the Stock Certificate will make me feel like a part owner of this piece a history! I'm also interested in the March [Salt Tram] tour. Hope I can make it. Now why does the comment below make me want to be there all the more!!! "Also note that all participants assume all liability for their participation with the Waag Bros., and that the world is a more dangerous place when you leave your front door. The hazards of viewing and exploring the wild Salt Tram located outdoors in the dangerous desert are countless and unpredictable - you have been warned!" -MM

(5) RECEIVED! Tim, I think I said a ways back I'd be in for a donation on acquiring a SVSC stock certificate. So you have a 25$ pledge from me. Glad to help --JS

(6) RECEIVED! Tim, get me set up for a donation. --AG

(7) RECEIVED! I can do $25. Just send the details and I'll mail a check. --RH

Re: Eastern California Museum (ECM) Saline Valley Salt Co. stock certificate. Dear Tim, enclosed please find my check for $25 in support of the ECM's acquisition of the stock certificate. I would appreciate an acknowledgment of the donation for tax purposes. Sincerely Yours, --RH. [Note to RH: The donation acknowledgment letter will be sent by the ECM to the name and address on your donation check - unless you request otherwise --Tim W.]

(8) RECEIVED! Please tell me how to send a $25 payment to help purchase this stock certificate. --HBG

(9) RECEIVED! Ok, put me down for $25.00. --SM

(10) RECEIVED! Hi Tim count me in for $30. --CU

(11) RECEIVED! Count me in for $25. Do you want me to mail the check? Or maybe I can drop it next time I'm in the area. -LE

LE posted a follow-up note with the donation: Here's the check I promised for the Stock Certificate - it's amazing they are still around, but lucky for us. We need to have a special display at the Eastern California Museum for all the Salt Tram info that has been found - people are very interested. Next weekend is the big ECM annual meeting - it's been what? 4 years since you did your historic Salt Tram presentation there?

(12) RECEIVED! Hi Tim, We will donate $25 or if you need $50 to close the gap, we can do that also. Let us know when you have the process set up through the Friends of the ESM. Thanks for preserving this bit of history of the Saline Salt Tram for all of us to enjoy. --BS and DS

(13) RECEIVED! Put me down for $50. Check is in the mail, internet banking from RoK is cool! --MD

(14) RECEIVED! Tim - count me in for $25 --BW.

(15) RECEIVED! Tim, Count me in for $25. Sincerely, --BR

(16) RECEIVED! Awesome!!!! I am thinking that 25 dollar donors will get a color copy?? You guys need to have stand by cash in the event another comes available. Should check be sent directly to museum?? Great find!! --SW

(17) RECEIVED! Put me down for $20. --MA

(18) RECEIVED! Hi Tim, Great to hear from you. Another great find. Put me down for a $50.00 donation towards the purchase of the stock certificate.

Best regards, --BS

BS posted a follow-up note with the donation: Hi Tim, Enclosed is my check to go towards the purchase of the SVSC stock certificate. Thanks again for all you continue to do for this great project. Best Regards, --BS

(19) Brian and I pledge $100 EACH if and only if all the pledges above are received!

The Salt Tram is truly one of the most amazing engineering feats in the greater Death Valley area. Put me down for a $100 donation - let's save as much of the history of this jaw-dropping contraption as possible! Heck, put me down for $100! --Brian Waag, E. Clampus Waagus.

(20) Brian and I pledge $100 EACH if and only if all the pledges above are received!

Well Bro, if you're in for $100, then so am I! Who wouldn't want to contribute to this worthwhile cause - preserving a historic document from the Salt Tram era that is more than 100 years old! Yeah, a dollar for each year that the stock certificate is old (May 1914 - March 2014 - almost 100 years, anyways). --Tim Waag, E. Clampus Waagus.(21) RECEIVED! Hi Tim, Here is my $25 towards the stock certificate. Be great to have a copy - put me on the list. See you in Ridgecrest on 3/18/2014. --GB(22) RECEIVED! Hey Tim, Thanks for all your efforts regarding the Salt Tram. Still would love to hike down the West side, if ever that comes up. --FD aka FF(23) RECEIVED! Received $50 cash at the Ridgecrest HSUMD meeting from --JK

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Sunday, February 8, 2014: The 3rd known Saline Valley Salt Company Stock Certificate was found in December, 2013, and is in the process of being acquired for the Eastern California Museum in Independence, California. If you are interested in making a donation to the Friends of the Eastern California Museum in order to fund the purchase of the important piece of Salt Tram History, please email us at: SalineValleySaltTram@gmail.com, and we will get that set up - thank-you.

This newest Stock Certificate is dated May 12, 1914, and the 125 shares were sold to Alvis Workman of North Carolina. This makes it the earliest dated certificate of the three that we have acquired for the museum. It also appears to be in much better condition than the 2nd certificate, which was dated September 25, 1914. The front and back of the stock certificate appear below (click to enlarge):

Note that on the 2nd and 3rd Salt Company Stock Certificates, in addition to the corporate stamp on the certificate, they have the corporate logo in gold. The stamped version of the logo was used to create our Salt Tram t-shirts, which you can buy by clicking here. Here is a closeup of the logo in gold, followed by the Salt Tram logo that is on the back of our T-shirts. Note that the gold embossed logo is more clear than the original stamped one that we saw, and that instead of a diamond at the bottom of the logo, it can clearly be seen that there is a 6-pointed star instead. Also, it now becomes clear that the lower middle salt pile is one large pile, instead of 2 piles that we merged together - sort-of. Oh well, nobody's perfect!

Below are excerpts from the email that we received from W. M. of North Carolina, the possessor of this stock certificate. He gives some background on the provenance as part of an email that he sent us below:

This stock certificate was issued to Alvis Workman. He was the brother of my great aunt's husband, William Workman (W. W. Workman). From our existing family history research, we know Alvis was born on Feb. 12, 1847 in Orange County, NC. He died in 1920. My great aunt, Sallie, was married to Alvis' younger brother, William. William was born in 1852 - also in Orange County. William survived Alvis and his wife, Susan and other brothers. So that is why I assume it was inherited by my great Uncle William. I never knew him since he died in 1926. But I did know my great aunt Sallie B. Workman who married William in 1902 and who died in 1967 (May-December wedding, second marriage for William). My mom looked after Aunt Sallie (who lived in Kernersville, NC) in her later years. I got the stock certificate from my mom who got it from my Aunt Sallie. That is the provenance I have.

The certificate is the same style with the raised gold seal as the one you obtained in 2013. It is for 125 shares. It is signed by Fred and White Smith as well. The certificate number is 2063 which is higher than the one you have (2034) but this one is dated as noted on May 12, 1914, not quite 100 years ago. I assume certificates were printed and sold as they found buyers. The number "125" is handwritten. The signatures appear very similar but not exactly as the one you found. The quality appears to me to be in better shape than the one you show. It also has a tri-fold. My guess they did not routinely use larger envelopes then.

I do not know if you are interested in buying this certificate or not. I would consider selling it. If you are interested, let me know what you would consider a fair price for this earlier document. It could be the third and earliest known certificate you have!

Sounds like your upcoming trip in March of 2014 will be very interesting! Thanks for the work you have done to help preserve this history. ---W. M., North Carolina

Below are excerpts from the 2nd email that we received from W. M. of North Carolina, the possessor of this stock certificate. He gives additional background on the provenance as part of an email that he sent us below:

I have some additional provenance on the Saline Valley Salt Company certificate that I obtained from a cousin, including a possible connection to Tennessee. The stock certificate trail appears to be: Alvis Workman to William Workman to his wife, Sallie Bull Workman, to my mother, Stella Bull Marshall, to me, Wayne Marshall. Here is the sequence of who knew who, when, as best as we can determine going backwards from today.

My mother was Stella Bull Marshall (Mrs. Dale Marshall). Her father, James Robert Bull, had a sister, Sallie Bull and a brother John Franklin Bull (there were 7 additional siblings). Sallie, my great aunt, was born Jan. 7, 1880, married William W. Workman on Jan 1, 1902 (his second marriage, her first) and died Jan 19, 1967. They had no children.

William W. Workman, born in Orange County, NC on Sep. 2, 1852 married my great Aunt Sallie in Guilford County (my current residence county) in 1902 and died May 29, 1926.. William and Sallie moved to Norfolk, VA after their marriage and lived there until his death. He appeared to be a man of means from pictures of them and their clothes

William was the younger brother of Alvis Franklin Workman. Alvis, who was born on Feb 12, 1847, married Susan Hall (who was born Sep 9, 1845, died Oct. 10, 1914). Alvis died Mar 11, 1920. They had no children.

My great uncle John (born Mar 19, 1885, met and married his wife, Sarah Dinkle on June 17, 1907 in Washington County, TN (Johnson City, TN). They lived there many years before moving to Norfolk, VA where my great Aunt Sallie lived with her husband, William W. Workman. My assumption is my great Uncle John's new home in Johnson City and the family of John's wife, Sarah, daughter of Calvin and Annie Gammon Dinkle, was the "Tennessee connection" to Alvis through my great Uncle William Workman and my great Aunt Sallie.

I also know through another old deed passed on to me the same way that William Workman, living in Norfolk, VA, bought a lot in Elkmont Park in Knox County, TN dated October 9, 1914.

In 1968,after my Mom, Stella, got possession of the stock certificate, she attempted unsuccessfully to find information about the Saline Valley Salt Company incorporation from officials in Arizona. I will send that information with the certificate.

Hope all continues to go well for you! I will send the stock certificate soon. Sincerely, ---W. M., North Carolina

Cool Font for the Saline Valley Salt Company Stock Certificate: We thought the font on the stock certificate was very unique, so we were determined to find out what it was. Tah-dah! Liz B. hit the nail on the head, determining that it was the "Bradley" font. Upon further searching, it would appear to be the "Bradley Gratis" font, as shown below:

Thanks as always for the support from Roberta Harlan, Jon Klusmire and Heather Todd at the Eastern California Museum, as well as Rich White from the Friends of the Eastern California Museum! Also, thanks in advance to those who have offered to chip in some cash to purchase the certificate. Last time (when we bought the 2nd stock certificate), the price was very reasonable, so I just made the purchase myself. That time, I asked you to keep that cash ready, should a more expensive Saline Valley Salt Company artifact become available - well, that time is now! We hope to hear from you.

3 comments:

I have some additional provenance on the Saline Valley Salt Company certificate that I obtained from a cousin, including a possible connection to Tennessee. The stock certificate trail appears to be: Alvis Workman to William Workman to his wife, Sallie Bull Workman, to my mother, Stella Bull Marshall, to me, Wayne Marshall. Here is the sequence of who knew who, when, as best as we can determine going backwards from today.

My mother was Stella Bull Marshall (Mrs. Dale Marshall). Her father, James Robert Bull, had a sister, Sallie Bull and a brother John Franklin Bull (there were 7 additional siblings). Sallie, my great aunt, was born Jan. 7, 1880, married William W. Workman on Jan 1, 1902 (his second marriage, her first) and died Jan 19, 1967. They had no children.

William W. Workman, born in Orange County, NC on Sep. 2, 1852 married my great Aunt Sallie in Guilford County (my current residence county) in 1902 and died May 29, 1926.. William and Sallie moved to Norfolk, VA after their marriage and lived there until his death. He appeared to be a man of means from pictures of them and their clothes!

William was the younger brother of Alvis Franklin Workman. Alvis, who was born on Feb 12, 1847, married Susan Hall (who was born Sep 9, 1845, died Oct. 10, 1914). Alvis died Mar 11, 1920. They had no children.

My great uncle John (born Mar 19, 1885, met and married his wife, Sarah Dinkle on June 17, 1907 in Washington County, TN (Johnson City, TN). They lived there many years before moving to Norfolk, VA where my great Aunt Sallie lived with her husband, William W. Workman. My assumption is my great Uncle John's new home in Johnson City and the family of John's wife, Sarah, daughter of Calvin and Annie Gammon Dinkle, was the "Tennessee connection" to Alvis through my great Uncle William Workman and my great Aunt Sallie.

I also know through another old deed passed on to me the same way that William Workman, living in Norfolk, VA, bought a lot in Elkmont Park in Knox County, TN dated October 9, 1914.

In 1968,after my Mom, Stella, got possession of the stock certificate, she attempted unsuccessfully to find information about the Saline Valley Salt Company incorporation from officials in Arizona. I will send that information with the certificate.

Hope all continues to go well for you! I will send the stock certificate soon.

On Feb 10, 2014, at 12:43 PM, WHMARSHALL@aol.com wrote: Tim, I sent the stock certificate today by Fed Ex for delivery on Wednesday afternoon to your home address with no signature required. Tracking number is 797864228286. Cost is $20.00. Even though I have not received your check yet, I wanted to get the certificate in your hands at a reasonable shipping cost so you can share that information at the Thursday meeting. I assume you mailed the check for the first part already. -- I think the package is well protected and hope it arrives safely.-- Wayne

Just completed the paperwork on the newest edition to our collection! Thank you again Tim, Brian, Susan and all that participated in pledging $$ for the Saline Valley Salt Company stock certificate . . . how lucky we are to have all of you as such passionate and generous supporters!